Vanguard Group Inc. Raises Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Vanguard Group Inc. increased its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 3.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,360,555 shares of the semiconductor company’s stock after purchasing an additional 148,819 shares during the period. Vanguard Group Inc. owned 0.10% of Ultra Clean worth $148,869,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UCTT. Meeder Asset Management Inc. bought a new position in shares of Ultra Clean during the 4th quarter valued at approximately $59,000. TFO Wealth Partners LLC raised its stake in Ultra Clean by 27,160.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 2,716 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in Ultra Clean during the fourth quarter valued at $202,000. Everence Capital Management Inc. grew its stake in shares of Ultra Clean by 7.1% in the 4th quarter. Everence Capital Management Inc. now owns 7,980 shares of the semiconductor company’s stock worth $272,000 after buying an additional 530 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Ultra Clean in the 3rd quarter worth about $306,000. 96.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Ultra Clean

In other news, CAO Brian E. Harding sold 11,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $43.89, for a total transaction of $482,790.00. Following the completion of the sale, the chief accounting officer now directly owns 37,415 shares of the company’s stock, valued at $1,642,144.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ultra Clean news, Director Clarence L. Granger sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $43.50, for a total transaction of $217,500.00. Following the transaction, the director now directly owns 92,134 shares in the company, valued at approximately $4,007,829. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian E. Harding sold 11,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $43.89, for a total value of $482,790.00. Following the completion of the sale, the chief accounting officer now owns 37,415 shares of the company’s stock, valued at $1,642,144.35. The disclosure for this sale can be found here. Insiders have sold 72,730 shares of company stock valued at $3,307,918 in the last quarter. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on UCTT. Needham & Company LLC lifted their price target on Ultra Clean from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. TD Cowen lifted their target price on Ultra Clean from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Ultra Clean currently has an average rating of “Moderate Buy” and an average target price of $57.00.

Ultra Clean Price Performance

UCTT stock opened at $51.63 on Friday. The company has a current ratio of 2.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a 12 month low of $22.15 and a 12 month high of $51.96. The stock has a market cap of $2.31 billion, a PE ratio of -62.96 and a beta of 2.13. The company has a 50-day moving average price of $46.09 and a 200 day moving average price of $42.34.

Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Monday, May 6th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter. Ultra Clean had a positive return on equity of 2.19% and a negative net margin of 2.09%. The business had revenue of $477.70 million during the quarter, compared to analyst estimates of $455.00 million.

About Ultra Clean

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.